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Bayer AG (BAYGn.DE)

BAYGn.DE on Xetra

92.07EUR
22 Jul 2016
Change (% chg)

€0.03 (+0.03%)
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€92.04
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€92.07
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€91.33
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Latest Key Developments (Source: Significant Developments)

Bayer & Monsanto to engage soon in negotiations to see if they can reach a deal - CNBC, citing sources
Wednesday, 25 May 2016 09:54am EDT 

Bayer & Monsanto :To engage soon in negotiations to determine if they can reach a deal- CNBC, citing sources.  Full Article

Fitch puts Bayer AG on rating watch negative
Tuesday, 24 May 2016 01:35pm EDT 

Fitch: Fitch puts bayer ag on rating watch negative . Fitch - Has Placed Bayer Ag's (Bayer) 'A' Long term issuer default rating (IDR) on rating watch negative . Fitch on BAYER - Upon completion of transaction, will likely downgrade bayer's ratings by at least two notches .Fitch - Rating action follows Bayer's announcement that it intends to launch a formal offer to acquire US-based chemical company monsanto for $62 billion.  Full Article

Monsanto views Bayer's current proposal financially inadequate; says open to discussions
Tuesday, 24 May 2016 12:55pm EDT 

Monsanto Co : Monsanto views Bayer's current proposal as incomplete and financially inadequate; company open to discussing potential path forward that would create appropriate value for Monsanto shareowners . Monsanto board of directors has not set a timeline for further discussions . "Open to continued and constructive conversations" to assess if a transaction in "best interest of Monsanto shareowners can be achieved" ."There is no assurance that any transaction will be entered into or consummated, or on what terms".  Full Article

Moody's reviews Bayer's ratings for downgrade on Monsanto acquisition announcement
Tuesday, 24 May 2016 12:37pm EDT 

Moody's: Moody's reviews Bayer's ratings for downgrade on Monsanto acquisition announcement . Review was triggered by Bayer's announcement of a $122 per share all-cash offer to acquire Monsanto for an aggregate value of $62 billion .Cautions deal will give rise to significant execution, reputational and integration risks.  Full Article

S&P places Bayer on Watch Negative after Monsanto acquisition approach
Friday, 20 May 2016 11:20am EDT 

S&P: Germany-based life sciences group Bayer on Watch Negative following acquisition approach to Monsanto . Based on understanding of Bayer's long-term financial policy, potential approach to funding, believe rating downside likely to be limited to 2 notches .Expect business risk profile assessment of combined group would likely be at upper end of strong business risk profile currently ascribed to Bayer.  Full Article

Moody's: Bayer's bid is a credit negative for Monsanto's Bondholders
Thursday, 19 May 2016 02:01pm EDT 

: Moody's: Bayer's bid is a credit negative for Monsanto's Bondholders . Moody's - Bid by Bayer AG, unless structured as a merger, would be a negative for Monsanto's bondholders, as cost is likely to be in excess of $50 billion . Moody's - Bid by Bayer makes strategic sense for both companies as agricultural chemical and seed companies are under pressure to consolidate Source - http://bit.ly/1suTgwp Further company coverage: [MON.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Fitch: Bayer-Monsanto combination challenged
Thursday, 19 May 2016 12:34pm EDT 

Fitch Ratings : Monsanto combination challenged . A potential combination of bayer ag and monsanto makes strategic sense given their complementary strengths .Merger this size, with combined market capitalization greater than $125 billion, would result in crop protection, us soybean seeds, us corn seed market shares in excess of 25%.  Full Article

Bayer confirms preliminary discussion regarding acquisition of Monsanto
Thursday, 19 May 2016 12:03am EDT 

Bayer: Bayer says recently met with executives of monsanto to privately discuss a negotiated acquisition of monsanto company . Driven life science company with leadership positions in its core segments . Bayer says deal would create a leading integrated agriculture business. . Bayer says a further statement will be made as appropriate Further company coverage: [BAYGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Monsanto says it received unsolicited, non-binding proposal from Bayer
Wednesday, 18 May 2016 10:30pm EDT 

Monsanto Co : Disclosed that it has received an unsolicited, non-binding proposal from Bayer AG . Board of directors of Monsanto is reviewing proposal . Received unsolicited, non-binding proposal from Bayer AG for potential acquisition of Monsanto, subject to due diligence and other conditions .Morgan Stanley & Co and Ducera Partners are acting as financial advisors, and wachtell, lipton, rosen & katz is acting as legal advisor to co.  Full Article

Bayer said to explore bid for seed company Monsanto - Bloomberg
Thursday, 12 May 2016 07:44am EDT 

: Bayer said to explore bid for $40 billion seed company Monsanto - Bloomberg Further company coverage: [MON.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

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Monsanto rejects Bayer's sweetened offer, open to talks

U.S. seed company Monsanto Co turned down a sweetened $64 billion acquisition offer from Bayer AG , but said it was open to further talks with the German healthcare and chemicals group as well as other parties.